FINANCE: The Southampton, Hampshire, Isle of Wight and Portsmouth primary care trust cluster is expecting to hit its £16.3m surplus target, despite a £10.9m shortfall in efficiency schemes.

The cluster’s December finance report showed a £10.8m surplus in the year to date, although quality, innovation, productivity and prevention schemes had underperformed by £7.4m.

By the end of the year, the surplus is expected to reach £16.3m, on an annual turnover of £3bn. The QIPP shortfall is forecast to be £10.9m, compared with a £64m target for the year.

The difference is being made up on prescribing costs. The cluster saved £16.8m over the year to date, compared with a plan of £9.3m. Savings are expected to hit £26m by the end of the year, £11.3m better than originally planned.

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Source

Board papers (attached)

Source date

December 2012

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